Emerging markets PM, economist, CFA charterholder

Mark A. DeWeaver, PhD, CFA

Equity Bottom-Up

<p>First-half results for <a href="https://www.smartkarma.com/entities/15794" target="_blank" data-smartkarma-citation="entities:15794:1">Jiangxi Copper Co Ltd H (358 HK)</a> came out on Wednesday (August 30). Year-on-year increases of 8.7% and 8.0% in revenue and cost of sales, respectively, pushed the company’s gross margin up from 2.70% to 3.25%, resulting in a 31.0% jump in gross profit. Net profit under IFRS was up 30.4% to CNY 962.4 mn. (The interim report is available <a href="http://www.hkexnews.hk/listedco/listconews/SEHK/2017/0830/LTN20170830003.pdf" target="_blank">here</a>.)</p><p>As has been the case since 2014, the company’s bad debt problems had a significant impact on the bottom line. Impairment on trade…</p>

First-half results for Jiangxi Copper Co Ltd H (358 HK) came out on Wednesday (August 30). Year-on-year increases of 8.7% and 8.0% in revenue and cost of sales, respectively, pushed the company’s gross margin up from 2.70% to 3.25%, resulting in a 31.0% jump in gross profit. Net profit under IFRS was up 30.4% to CNY 962.4 mn. (The interim report is available here.)As has been the case since 2014, the company’s bad debt problems had a significant impact on the bottom line. Impairment on trade…

Jiangxi Copper Profit Jumps as Revenue Underwhelms

United States

Southern Copper Corporation conducts mining operations in Peru and Mexico.  The Company owns and operates open pit mines and metallurgical complexes that produce copper, molybdenum, zinc, and precious metals.

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Southern Copper (SCCO US)

Jiangxi Copper Profit Jumps as Revenue Underwhelms

First-half results for Jiangxi Copper Co Ltd H (358 HK) came out on Wednesday (August 30). Year-on-year increases of 8.7% and 8.0% in revenue and...

Mark A. DeWeaver, PhD, CFA

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